Experience the future of crypto investing with competitive risk-adjusted returns. Leveraging a hedged strategy that safeguards your investment from market volatility, while preserving uncapped upside participation.
Bitcoin exposure, redefined with guardrails.
The Fortuna Hedged Bitcoin Fund seeks to achieve long-term capital appreciation. The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective primarily through its investments in bitcoin-related securities. The Fund does not invest directly in bitcoin.
Navigate Volatility with Confidence
Maximize Returns, Manage Risk
Invest Smarter, Not Harder
The Fortuna Hedged Bitcoin Fund involves investments in bitcoin-related securities, combined with an option strategy overlay to dramatically reduce downside exposure while retaining most of the upside potential. This option overlay involves purchasing a put below the current price of Bitcoin to hedge against downside risk, and selling a call spread above the market price of Bitcoin, offsetting the cost of buying the put without capping the upside potential. Our expertise in option trading allows us to identify areas where low-cost hedges can be used to reduce Bitcoin’s volatility but still retain the core exposure to the asset. Monthly repositioning of the portfolio’s hedging ensures that option strikes remain appropriately placed relative to the Bitcoin price, adapting to market conditions.
Some reasons to invest in HBTC versus Bitcoin directly include, but are not limited to; no digital wallet, no private keys, increased security, reduced theft risks, beneficial hedging opportunities, and regulation through the various security exachanges.
HBTC is different than other Bitcoin ETF offerings due to the simple fact that HBTC is actively managed and strives to mitigate volatility risk, by utilizing a hedged options strategy overlay with the goal of offering superior risk adjusted returns compared to the spot price of Bitcoin. The other Bitcoin ETFs in our competitive landscape simply strive to mirror the spot price of Bitcoin with some of those funds employing leverage.
HBTC will be one of the first publicly traded hedged Bitcoin ETF to market. The reason why we are able to offer this fund now is because the options market allows us to provide indirect exposure to bitcoin while reducing downside exposure & retaining most of the upside potential. We also see the very recent maturation of the cryptocurrency space coming to a point where there is broader appeal for exposure to Bitcoin but still a degree of apprehension in the asset class. HBTC offers access to Bitcoin, but in a safer way than previously available.
HBTC is available to purchase through your online brokerage account. HBTC is also available on many wealth management platforms where clients can request the purchase of HBTC with their financial Advisor. HBTC trades on the New York Stock Exchange (NYSE) allowing the fund to be purchased and sold in shares, much like a stock listed on the exchange.
| Date | Account | StockTicker | CUSIP | SecurityName | Shares | Price | MarketValue | Weightings | NetAssets | SharesOutstanding | CreationUnits | MoneyMarketFlag |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/02/2025 | HBTC | FXFXX | 31846V328 | First American Treasury Obligations Fund 01/01/2040 | 200,000 | $100.00 | $200,000.00 | 40.17% | 497840.000000 | 20,000 | 2.000000000000 | Y |
| 04/02/2025 | HBTC | IBIT 250417C00040000 | IBIT 250417C00040000 | IBIT US 04/17/25 C40 | 104 | $8.65 | $89,960.00 | 18.07% | 497840.000000 | 20,000 | 2.000000000000 | |
| 04/02/2025 | HBTC | IBIT 250417C00050000 | IBIT 250417C00050000 | IBIT US 04/17/25 C50 | -104 | $1.28 | $-13,260.00 | -2.66% | 497840.000000 | 20,000 | 2.000000000000 | |
| 04/02/2025 | HBTC | IBIT 250417C00052000 | IBIT 250417C00052000 | IBIT US 04/17/25 C52 | 104 | $0.67 | $6,916.00 | 1.39% | 497840.000000 | 20,000 | 2.000000000000 | |
| 04/02/2025 | HBTC | IBIT 250417P00040000 | IBIT 250417P00040000 | IBIT US 04/17/25 P40 | -104 | $0.23 | $-2,340.00 | -0.47% | 497840.000000 | 20,000 | 2.000000000000 | |
| 04/02/2025 | HBTC | IBIT 250417P00043000 | IBIT 250417P00043000 | IBIT US 04/17/25 P43 | 104 | $0.45 | $4,680.00 | 0.94% | 497840.000000 | 20,000 | 2.000000000000 | |
| 04/02/2025 | HBTC | Cash&Other | Cash&Other | Cash & Other | 211,884 | $1.00 | $211,883.53 | 42.56% | 497840.000000 | 20,000 | 2.000000000000 | Y |
** Contract prices are displayed according to each market/exchange specification. The market price column reflects the notional value of each position priced in dollars. Data is subject to change.
Download Full Fund HoldingsThe performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please visit the Fund's website at www.fortunafunds.com.
| Date | Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | Since Inception Cumulative | Since Inception Annualized |
|---|---|---|---|---|---|---|---|---|
| 03/31/2025 | Fortuna Hedged Bitcoin Fund ETF | HBTC MKT | - | - | - | - | -2.44 | - |
| 03/31/2025 | Fortuna Hedged Bitcoin Fund ETF | HBTC NAV | - | - | - | - | -2.48 | - |
| 03/31/2025 | S&P 500 TR | SPTR2 | - | - | - | - | -0.02 |
*subject to change
| Fund Name | Fortuna Hedged Bitcoin Fund ETF |
| Fund Ticker | HBTC |
| CUSIP | 53656G233 |
| Net Assets | $497,839.66 |
| Shares Outstanding | 20,000 |
| NAV | $24.89 |
| NAV Change Dollars | $0.51 |
| NAV Change Percentage | 2.10% |
| Market Price | $24.98 |
| Market Price Change Dollars | $0.59 |
| Market Price Change Percentage | 2.40% |
| Premium/Discount Percentage | 0.33% |
| Rate Date | 04/01/2025 |
| Median 30 Day Spread Percentage | 0.29% |
^ The Fund has registered an indeterminate number of shares of the Fund pursuant to Rule 456(d) under the Securities Act of 1933.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which should be read carefully before investing. All Fortuna trademarks mentioned are owned by Fortuna Funds, LLC. All other company and product names mentioned are the property of their respective companies. Use of this website is intended for U.S. residents only.